Groww Blog - Latest Financial Blogs on Trending Topics (2024)

FAQs

Which stock will boom in 2024? ›

What if the Groww app shuts down? In case any mutual fund brokers such as Groww shuts down, your account will still be active with the corresponding mutual fund house. This way, you can directly reach out the mutual fund house and enquire about the current status of your account and investments with them.

Groww vs Zerodha, which company is bigger? Groww has 6.63 million active investors. On the other hand, Zerodha has 6.48 million as of September 2023.

In the email, Groww said that due to certain complications, such as adding USD funds, high withdrawal fee, the services will be discontinued.

Amidst this, people often wonder whether the Groww app is safe or not, which we believe is a genuine concern. Well, to clear all the clouds of doubts, yes, Groww is the safest platform you could use to invest and grow (rather Groww) your financial standings.

Yes Groww is a safe platform to invest in stocks and mutual funds.

Overall groww is a good app . Investing is relatively safe than trading. When you buy stocks, they are held in CDSL/NSDL and not by brokers like Groww. So they are safe from that point of view.

Motilal Oswal Vs Groww Review

Motilal Oswal is rated 2.2 of 5 based on 138 customer reviews whereas Groww is rated 3.9 of 5 based on 93 customer reviews.

Is Groww in loss? ›

Financial services platform Groww turned profitable in the financial year ended 2023 and has reported a net profit of ₹448.7 crore in FY23 against a net loss of ₹239 crore in the previous fiscal according to company filings with the Ministry of Corporate Affairs.

Yes, you can buy international (US) stocks on Groww. Log in to your Groww account. Below explore button, click on the US stocks button and start investing as per your choice of stocks.

When you add funds to Groww, they are immediately available for investing. However, they can only be withdrawn after 1 working day. After a sell transaction, 80% of the delivery sell amount is available for investment after 30 minutes, and the remaining 20% is added to your Groww balance by the end of the day.

Groww was founded in 2016 by four co-workers from Flipkart: Lalit Keshre (CEO), Harsh Jain (COO), Neeraj Singh (CTO), and Ishan Bansal.

The Big Money bulls forecast that the Dow Jones Industrial Average will end 2024 at about 41,231, 9% higher than current levels. Market optimists had a mean forecast of 5461 for the S&P 500 and 17,143 for the Nasdaq Composite —up 9% and 10%, respectively, from where the indexes were trading on May 1.

As a whole, analysts are optimistic about the outlook for stock prices in 2024. The consensus analyst price target for the S&P 500 is 5,090, suggesting roughly 8.5% upside from current levels.